Comments for Taking Hayek Seriously http://hayekcenter.org “I can date my own personal ‘revolution’ rather exactly to May or June 1933. It was like this. It began .. with Hayek." -- John Hicks Mon, 13 May 2013 16:48:42 +0000 hourly 1 http://wordpress.org/?v=3.4.2 Comment on Jepson Conference on Hayek, April 2013, with Bruce Caldwell, Jerry Gaus & many others by Nicholas Panayi http://hayekcenter.org/?p=5565&cpage=1#comment-4059 Nicholas Panayi Mon, 13 May 2013 16:48:42 +0000 http://hayekcenter.org/?p=5565#comment-4059 This is the URL for the working paper that goes with his presentation. http://hope.econ.duke.edu/sites/default/files/FA%20Hayek%20and%20the%20Economic%20Calculus.pdf I have to say it blew my mind a little. Caldwell brings out the connections in Hayek's thought much more then one can easily see reading the individual works. It makes me sad that Hayek never produced a mature book on the Economic Calculus. No doubt today it would be hailed as a classic. This is the URL for the working paper that goes with his presentation.

http://hope.econ.duke.edu/sites/default/files/FA%20Hayek%20and%20the%20Economic%20Calculus.pdf

I have to say it blew my mind a little. Caldwell brings out the connections in Hayek’s thought much more then one can easily see reading the individual works. It makes me sad that Hayek never produced a mature book on the Economic Calculus. No doubt today it would be hailed as a classic.

]]> Comment on Jepson Conference on Hayek, April 2013, with Bruce Caldwell, Jerry Gaus & many others by Browsing Catharsis – 05.11.13 | Increasing Marginal Utility http://hayekcenter.org/?p=5565&cpage=1#comment-4054 Browsing Catharsis – 05.11.13 | Increasing Marginal Utility Sat, 11 May 2013 12:01:41 +0000 http://hayekcenter.org/?p=5565#comment-4054 [...] Other videos and conference information can be found here. [...] [...] Other videos and conference information can be found here. [...]

]]> Comment on Great Hayek Quote on Expanding Money and Changing Networks of Relative Prices & Structures of Production by Lio http://hayekcenter.org/?p=5517&cpage=1#comment-3264 Lio Thu, 27 Dec 2012 14:19:12 +0000 http://hayekcenter.org/?p=5517#comment-3264 @ Mike Sproul In short, your analysis is good if and only if an additional injection of money instantly and uniformly affects all goods, services and assets which of course is not the case in real life. @ Mike Sproul

In short, your analysis is good if and only if an additional injection of money instantly and uniformly affects all goods, services and assets which of course is not the case in real life.

]]> Comment on Great Hayek Quote on Expanding Money and Changing Networks of Relative Prices & Structures of Production by Lio http://hayekcenter.org/?p=5517&cpage=1#comment-3262 Lio Thu, 27 Dec 2012 14:08:56 +0000 http://hayekcenter.org/?p=5517#comment-3262 @ Mike Sproul 1 / If the amount of all goods produced is the same as the quantity of money increases, how can you say that the value of the currency is not affected? Do not you think that the purchasing power of a currency unit will be lower in this case? 2 / Hayek said rather that monetary expansion may alter the relative prices of goods and assets and the structure of production. The prices of goods and assets increase, but not all and not all at the same rate. Therefore, for some people, the value of money (purchasing power) decreases, for others, it stagnates or increases. An additional injection of money is not spread uniformly and instantly to the economy. @ Mike Sproul

1 / If the amount of all goods produced is the same as the quantity of money increases, how can you say that the value of the currency is not affected? Do not you think that the purchasing power of a currency unit will be lower in this case?

2 / Hayek said rather that monetary expansion may alter the relative prices of goods and assets and the structure of production. The prices of goods and assets increase, but not all and not all at the same rate. Therefore, for some people, the value of money (purchasing power) decreases, for others, it stagnates or increases. An additional injection of money is not spread uniformly and instantly to the economy.

]]> Comment on In the mail — The Great Persuasion by Angus Burgin by Younger Cato http://hayekcenter.org/?p=5509&cpage=1#comment-2692 Younger Cato Sun, 16 Dec 2012 06:27:09 +0000 http://hayekcenter.org/?p=5509#comment-2692 What are your thoughts on the book thus far? It's treatment of "our" views? My copy just arrived in the mail today and I've begun to read the Intro. He's a good writer is all I've got so far. What are your thoughts on the book thus far? It’s treatment of “our” views? My copy just arrived in the mail today and I’ve begun to read the Intro. He’s a good writer is all I’ve got so far.

]]> Comment on Great Hayek Quote on Expanding Money and Changing Networks of Relative Prices & Structures of Production by Mike Sproul http://hayekcenter.org/?p=5517&cpage=1#comment-2673 Mike Sproul Fri, 14 Dec 2012 15:24:59 +0000 http://hayekcenter.org/?p=5517#comment-2673 Hayek understood that new gold dug out of the ground will affect the price of groceries. He did not understand that as a bank issues new paper money, that bank's assets rise in step with its issuance of paper money, thus leaving the value of the paper money (and the price of groceries) unaffected. Hayek understood that new gold dug out of the ground will affect the price of groceries. He did not understand that as a bank issues new paper money, that bank’s assets rise in step with its issuance of paper money, thus leaving the value of the paper money (and the price of groceries) unaffected.

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